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The west has a productivity stagnation because it’s concentrating on services instead of industry. The productivity of services grows much slower that that of i
by legulere 5y ago
The west has a productivity stagnation because it’s concentrating on services instead of industry. The productivity of services grows much slower that that of industry.
- Gibbon1 5y agoAmusingly we outsourced the sector of the economy with high productivity gains while keeping the part subject to Baumol's cost disease. https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease